Executive Vice President Eric Alam to address members of the California
Manufacturers and Technology Association
WORCESTER, MA, July 24 /CNW/ - World Energy Solutions, Inc. (TSX: XWE), a
leading operator of online exchanges for energy and environmental commodities,
today announced that Eric Alam, Executive Vice President, Sales and
Operations, will present a session on Commercializing Green: World Energy and
RGGI at this week's sold out conference on Getting it Right: California Energy
Policies and Climate Change Goals, produced by the California Manufacturers
and Technology Association (www.cmta.net).
- Date: Thursday, July 24, 2008
- Time: 2:30 p.m. PDT
- Location: Harveys Lake Tahoe
- US Highway 50
- Stateline, NV
In the absence of a federally-mandated cap and trade program, ten
northeast and mid-atlantic states have formed the Regional Greenhouse Gas
Initiative, Inc. (RGGI) to mitigate the effects of greenhouse gas emissions.
World Energy was selected by RGGI to auction 188 million tonnes of carbon
dioxide (CO(2)) allowances annually on a fee per auction basis. Mr. Alam will
provide an overview of RGGI's objectives and the role World Energy will play
leading up to the first auction on September 25, 2008. He will also discuss
how initiatives such as CA AB32 and the Western Climate Initiative may adopt
similar market-based mechanisms being implemented by RGGI.
Earlier this month, RGGI issued a preliminary release of technical
materials for market participants interested in bidding in the first-in-the
nation auction of CO(2) allowances on September 25.
About World Energy Solutions, Inc.
World Energy operates leading online exchanges for energy and
environmental commodities. Our proven approach provides market intelligence,
promotes liquidity, and creates price transparency for all market
participants, enabling our customers to transact with confidence and to seek
the best possible price. To date, the company has transacted over 42 billion
kwh of electricity, and nearly 1bb kwh of green power and Renewable Energy
Certificates (RECs) and one trillion cubic feet of natural gas. For more
information, please visit www.worldenergy.com.
This press release contains forward-looking statements that are subject
to risks and uncertainties that could cause actual results to differ from
those indicated in the forward-looking statements. Such risks and
uncertainties include, but are not limited to: our revenue is dependent on
actual future energy purchases pursuant to completed procurements; the demand
for our services is affected by changes in regulated prices or cyclicality or
volatility in competitive market prices for energy; we depend on a small
number of key energy consumers, suppliers and channel partners; there are
factors outside our control that affect transaction volume in the electricity
market; and there are other factors identified in our Annual Report on Form
10-K and subsequent reports filed with the Securities and Exchange Commission.
For further information:
For further information: Investor Relations: Phil Adams, World Energy
Solutions, Inc., (508) 459-8100, firstname.lastname@example.org; or Craig Armitage,
The Equicom Group, (416) 815-0700 x278, email@example.com; Media
Relations: Shellie Rapson James, World Energy Solutions, Inc., (508) 459-8180,